Chainlink Betting Sites
Best Chainlink betting sites and top sportsbooks to bet with using LINK. Find out which online betting sites accept Chainlink with our guide to leading cryptocurrency betting sites.
Chainlink Betting Sites
Chainlink, a decentralized oracle network, provides real-world data to smart contracts on the blockchain.
While it is not a cryptocurrency that is not widely used for betting, it has been integrated into some betting platforms to provide accurate and reliable data for sports betting and other betting markets.
You’ll find a small (but growing) number of online sportsbooks and casinos where LINK can be used to fund your betting account.
Here at BonusBets.com, we have information about licensed and regulated online betting sites where you can deposit and bet using Chainlink and other cryptocurrencies.
All crypto betting sites recommended by our team have been tried and tested.
Best LINK Betting Sites
As Chainlink is not a cryptocurrency that is widely used for betting, there are no specific "LINK betting sites" that exclusively accept Chainlink for betting. However, as mentioned, some online sportsbooks and casinos use Chainlink to provide data for their betting markets.
Popular betting sites that use Chainlink to provide reliable data for their betting markets include:
- Stake.com: The biggest crypto betting site in the world. Stake.com offers great odds on over 30 different sports in addition to live streaming and a world-class casino.
- 1xBit: A sportsbook and casino that accepts over 30 cryptocurrencies, including Chainlink.
- Cloudbet: A sportsbook and casino that accepts Bitcoin and other cryptocurrencies, which may use Chainlink to provide data for their betting markets.
The online betting sites currently accepting Chainlink as a form of payment can be found on this page.
Choosing a Chainlink Betting Site
If you’re looking to join a new sportsbook or casino where you can bet with Chainlink, here are a few steps to help you get started:
- Find a LINK betting site: Use the tables on the pages of this website to find online sportsbooks and casinos that accept Chainlink.
- Check their reputation: Once you've found a LINK betting site, check its reputation by reading online reviews and feedback from other users. Look for a sportsbook and/or casino which has a good record for fast payouts, fair play and responsive customer support.
- Create an account: Once you have found a reputable LINK betting site, create an account by providing any required information such as an email address or mobile number.
Next, we’ll explain how to place bets using LINK.
How to Bet with LINK
To bet on a platform that uses Chainlink and once you have created an account, here are the general steps you can follow:
- Deposit cryptocurrency: After creating an account, you'll need to deposit cryptocurrency into your betting account. To do this, go to the "deposit" section of the site and select the cryptocurrency you want to use. You'll be provided with a wallet address to send your coins to. Once the transaction is confirmed on the blockchain, your funds will be credited to your betting account.
- Place your bet: After funding your account, you can browse through the available sports, events and casino games and select the one you want to bet on. Choose the amount you want to bet (your stake) and then click to confirm the bet.
- Withdraw your winnings: If you've won a bet and want to withdraw your winnings, go to the "withdraw" section of the sportsbook or casino and select the cryptocurrency you want to use. Enter the amount you want to withdraw and provide your wallet address. Once the transaction is confirmed on the blockchain, your winnings will be transferred to your wallet.
It's important to note that the process of betting with Chainlink may vary depending on the specific betting platform you choose. Be sure to read the platform's instructions and terms of service carefully before depositing any funds. Additionally, always gamble responsibly and only bet what you can afford to lose.
Chainlink is a decentralized oracle network that provides reliable and tamper-proof inputs and outputs for smart contracts on the blockchain. Essentially, it enables smart contracts to interact with external data sources, APIs and traditional payment systems that are not natively integrated with the blockchain.
It uses a network of decentralized nodes, known as "oracles," to provide secure, real-time data feeds to smart contracts. These oracles are an incentive to provide accurate data through a reputation system and a token economics model that rewards good behaviour and penalizes bad behaviour.
Chainlink's oracles can provide verifiable randomness for online gaming and lotteries, ensuring that the games are fair and tamper-proof.
Chainlink's native token is LINK, which is used to pay node operators for their services and to secure the network through staking.
Overall, Chainlink's technology is designed to bring real-world data and resources onto the blockchain in a secure and reliable manner, making it an important infrastructure layer for the decentralized web.
Chainlink Betting Sites FAQs
Where can I bet on sports with LINK?
On this page you will find the best betting sites where Chainlink can be used. All are licensed and regulated.